The Nevada gambling revenue dropped to $1.24 billion in April, the state’s second month of decline. However, it is 6.9 percent higher than the $1.16 billion from the same month last year. Also, March’s revenue was lower than that of February. According to sportsbook pay per head experts, the Super Bowl boosted the totals in February.

Again, with a total of $886.8m, slots were the main moneymaker for operators. This is 5.9% more than in April of last year. At $586.8 million, a 26.4% increase, multi-denomination slots brought in the most money that month.

Winnings from high-stakes slot machines also increased, with gains of 137.6% and 14.5% for $25 and $100 machines, respectively. On the other hand, revenue from all lower-stakes machines was down compared to the previous year.

Nevada Gambling Revenue

Nevada Gambling Revenue Drops in AprilIn other parts of Nevada, $353.4 million came from table, counter, and card games, which includes sports betting, a 9.8 percent increase. In this division, blackjack was the most lucrative game in April, bringing in $110.2m, an increase of 16.0% year over year. Additionally, baccarat had a 72.5% increase to $76.1m in revenue, while roulette saw a 4.6% gain to $35.9m.

On the other hand, Ultimate Texas Hold ’em had a little decline of 1.1% to $15.1m in revenue, while craps saw a 25.5% reduction to $30.3m.

We’ll turn to the sports betting business, where April’s revenue dropped 5.0% to $30.8m.

According to pay per head sources, the most significant decline was in basketball wagering, which resulted in $13.3 million in income. Baseball betting brought in $10.7 million, an increase of 18.4%, while hockey betting brought in $5.7 million, an increase of 74.2%.

Although operators lost $5.7 million on football betting in April, it was a 17.1% improvement from the previous April. The $6.8 million in income from wagering on other sports was a 31.6% decrease from the previous year. Online sports betting in Nevada generated about $24.5 million.

Las Vegas Strip Revenue

According to the top bookie pay per head companies, the world-renowned Las Vegas Strip’s April revenue was $666.1 million. While this is up 6.6% year over year, it falls 7.0% shy of March’s total.

Again, high-stakes machines accounted for most of the 5.1% climb to $409.3m in slot machine revenue. Nevertheless, multi-denomination slots earned the highest income of $276.9m, an increase of 28.2%.

With a 9.2% year-on-year increase, table, counter, and card games brought in $256.8 million. The highest income was generated by blackjack at $81.7m, an increase of 10.2%, followed by baccarat at $76.7m, 11.6%. April revenue from sports betting on the Strip fell 26.5% to $9.7 million.

From a broader perspective, the Nevada market has witnessed some significant changes throughout the past few weeks. Entain, a company registered on the London Stock Exchange, received unconditional permission to conduct business in Nevada earlier this month. In the United States, the operator is affiliated with MGM Resorts through its joint venture, BetMGM.

Entain had a two-year and a three-year license until May of this year, respectively. The Nevada Gaming Commission was worried about the company’s activities in unregulated markets, so it granted interim permits.